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Apr 22, 2013
04/13
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>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted terrorist attack via amtrak between new york and montreal. let's listen to this. >> before we start, i would ask that you please turn off or put on silent mode your cell phones. today's press conference will last approximately 30 minutes. the rcp will be making statements on a national security criminal investigation. integrated national security enforcement teams in montreal and toronto. the statements will be followed by a short question period. >> okay. we want to get you the details of this press conference happening right now in canada. let's get to bertha coombs to give
>> i think it's less likely they'll get the faa to change their mind. it's more likely if there's huge public outcry that then you have people in congress who will say, okay, what can we do special in terms of funding so that the faa can reverse this? but i don't think the faa has any plans to change it on its own. >> all right, guys. we have breaking news. we want to -- thank you so much for joining us. get to our breaking news desk. authorities in canada are announcing a thwarted...
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Apr 22, 2013
04/13
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to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher than
to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for...
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Apr 22, 2013
04/13
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we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs. business and leisure travellers we talked to earlier today agree. >> traveling is stressful enough and when you don't know how long it's going to take you to get through the line, you have to add extra time that you wish you didn't have to to get from point a to point b. >> that will impact not only the stockholders, the employees, but also all of our customers. >> now, for the record, the faa will be furloughing 15,000 controllers. they have to take at least one day off every other week from now through the end of september. in our next update on "power lun lunch" we're going to talk to a spokesma
we had an faa statement release toefrd weekend reading in part, the faa will be working with the airlines and using a comprehensive set of air traffic management tools to minimize the delay impacts of lower staffing as we move into the busy summer travel season. now, we've got a counter view from the global visit travel association. they're saying, quote, our nation's xhid and businesses will pay a very steep price that significantly outstrips the goals produced savings through those furloughs....
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Apr 22, 2013
04/13
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hitting the faa hard. already triggering long lines at airports nationwide. >>> and an a-list arrest. it's the latest celebrity mug shot. hollywood's darling, reese witherspoon, issuing an apology overnight. >>> and good monday morning. we may be closer to getting some key answers in the boston bombing investigation today. >> suspect dzhokhar tsarnaev is now awake and communicating in writing with investigato they are anxious to know if anyone else was involved in the bombs waiting to explode. >> one week later, 52 victims are still in the hospital, 3 in critical condition. all victims are being remembered later today with a moment of silence at the time of the first bomb. and then church bells will ring. >> abc's preeti arla begins our coverage. >> reporter: a week after the boston marathon attack, one suspect is dead, the other is in the hospital. but the search for answers continues. law enforcement officials tell abc news 19-year-old suspect dzhokhar tsarnaev is awake. he's unable to speak because of a
hitting the faa hard. already triggering long lines at airports nationwide. >>> and an a-list arrest. it's the latest celebrity mug shot. hollywood's darling, reese witherspoon, issuing an apology overnight. >>> and good monday morning. we may be closer to getting some key answers in the boston bombing investigation today. >> suspect dzhokhar tsarnaev is now awake and communicating in writing with investigato they are anxious to know if anyone else was involved in the...
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Apr 22, 2013
04/13
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seventy percent of the faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. and that's why secretary lahood, here in this room two months ago, called on congress to replace these dumb sequester cuts and put instead in place a smarter approach to deficit reduction. remember, this is a result of sequester that was never meant to be law. and it was never meant to be law for reasons like this -- because the across-the-board nature of cuts. and in an agency like dot and the faa, because they're personnel-heavy, the effect of these cuts inevitably will be felt at the personnel level. congress can act. it could have acted in the past. it could have brought down the sequester and avoided it entirely. congress could act now to do that. republicans in congress could decide that the victory party is over and it's time to get serious about the economy, get serious about the effects of the sequester on americans across the country in a variety of ways, and either postpone
seventy percent of the faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. and that's why secretary lahood, here in this room two months ago, called on congress to replace these dumb sequester cuts and put instead in place a smarter approach to deficit reduction. remember, this is a result of sequester that was never meant to be law. and it was never meant to be law for reasons like this -- because the...
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Apr 22, 2013
04/13
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the faa has said that planes will have to take off and land less frequently so as not to overload the remaining controllers on duty. that will translate o potential longer lines at the airport. most pass injures we spoke to this morning say they are against the furloughs. >> congress needs to get their act together and maybe they need to give up some of their assistance that they seem to have so many of in washington. and stop bothering the normal every day people with cutting back here and there. >> reporter: yesterday sfo and san jose reported no problems. but oakland did experience some delays for flights out of los angeles. sources inside the air traffic control tower here said four workers were furloughed yesterday. and these furloughs are expected to last through september. pilot and airline organizations are suing the faa to stop the furloughs and urging the public to speak up if they experience the headaches and hassles as a result of these furloughs. we are going to be keeping an eye on all of the flights here. we'll let you know if you see any major delays or cancellations.
the faa has said that planes will have to take off and land less frequently so as not to overload the remaining controllers on duty. that will translate o potential longer lines at the airport. most pass injures we spoke to this morning say they are against the furloughs. >> congress needs to get their act together and maybe they need to give up some of their assistance that they seem to have so many of in washington. and stop bothering the normal every day people with cutting back here...
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Apr 22, 2013
04/13
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the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we might see some effect is more from the faa perspective. i don't know if it will affect the lines at the airport. but in terms of flight delays, if there's another airport that has congestion issues or staffing issues, even if we're fined locally, we may experience delays to and from the location. it's very much a nationwide issue. >> reporter: it's a juggling act for you. i think one of the things we can expect, there is a procedure we use and that requires an extra controller. not an issue today but if we have bad weather conditions, we might not be able to use that procedure. >>
the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we...
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Apr 22, 2013
04/13
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. >> the faa was just down a few years ago, flights weren't affected. it seems to me like there is a request for directive out there to take steps so that passengers will be calling their elected officials to get them to take nation. >> gretchen: new york and washington, d.c. already experiencing delays and longer wait times for security. the fcc decided not to fine red sox slugger big poppy david ortiz for dropping the f bomb before saturday's game at fenway park. the fcc chair ss he won't fine him because he was describing boston's resilience in the face of tragedy and speaking from the heart. it was the team's first home game since the terrorist attack at the boston marathon. if your kids were watching, it wasn't exactly pg, but anyway. >> brian: maybe janet jackson should have tried that. >> steve: or there wasn't a wad robe malfunction. >> gretchen: that case went on and on before they ruled. >>> new defendants recording the boston bombing suspects. there are unconfirmed reports that the 19-year-old is awake and responding to questions. previously
. >> the faa was just down a few years ago, flights weren't affected. it seems to me like there is a request for directive out there to take steps so that passengers will be calling their elected officials to get them to take nation. >> gretchen: new york and washington, d.c. already experiencing delays and longer wait times for security. the fcc decided not to fine red sox slugger big poppy david ortiz for dropping the f bomb before saturday's game at fenway park. the fcc chair ss...
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Apr 22, 2013
04/13
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reporter: airline and pilot organizations are trying to stop the furloughs from happening by suing the faa but they are here and commercial flights really move flatly throughout the united states yesterday. but the real test will come together. that is because air traffic -- because of budget cuts all air traffic controllers must take one day off every two weeks. that means they will lose one traffic controller every day. santa rosa airport they were down at least one controller yesterday. folks there said they were concerned about safety and felt the government could have made cuts elsewhere. >> we are looking at a tiny percentage that needs if be reduced. it's ridiculous they can't do that. you and i can certainly if we want to take $5 off of our spending for lunch over a month, it's easy for us to do. >> reporter: yesterday sfo and ma theta san jose reported no problems. sources inside the air traffic control tower here said four workers were furloughed yesterday. we still have to find out how many are furloughed today. meanwhile 100 contract towers in small airports across the country
reporter: airline and pilot organizations are trying to stop the furloughs from happening by suing the faa but they are here and commercial flights really move flatly throughout the united states yesterday. but the real test will come together. that is because air traffic -- because of budget cuts all air traffic controllers must take one day off every two weeks. that means they will lose one traffic controller every day. santa rosa airport they were down at least one controller yesterday....
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Apr 22, 2013
04/13
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we advocate, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the business itself, and like you said, the criminals are often looking for money. how would you say the broader employees of your industry, how successful would your education efforts be, would you say, and have there been any keys that could be applied to other critical infrastructure sectors? >> guest: i think the, you know, by and large, employees within the financial institutions, um, are fairly well aware of what's going on, and, you know, given over the last year increasing news about attacks on the financial system, the awareness has only grown. as part of every bank's standard procedures, employees are test
we advocate, and what we think is the right solution is the faa, the government agency, they need to learn with those bodies. they need to learn to understand exactly what's being done in the different industries to deal with different threats. and that's how we're going to develop our own best practice. >> host: gautham nagesh. >> greg, you mentioned that thebacking industry is largely ahead of the curve when it comes to these sorts of things, likely due to the nature of the...